AgDay TV Markets Now: Chip Nellinger Explains the Commodity Wide Selloff and What the Fed Action Means for Ag

AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, explains what triggered the commodity wide selloff Wednesday, plus what impact with the Fed action have on commodity markets?

AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, explains what triggered the commodity wide selloff Wednesday, plus what impact with the Fed action have on commodity markets?

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Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
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